Mandatory Repurchase Price definition

Mandatory Repurchase Price means the price equal to (i) 100% of the principal amount of the Notes outstanding, plus (ii) an amount accrued on all outstanding Notes equal to 2% per month from the date of this Indenture to, but excluding, the Mandatory Repurchase Date, computed on the basis of a 360-day year of twelve 30-day months.
Sample 1Sample 2Sample 3
Mandatory Repurchase Price shall have the meaning set forth in Section 2(b)(i)(B).
Sample 1Sample 2
Mandatory Repurchase Price shall be equal to, with respect to the Registrable Securities to be sold in accordance with this paragraph, (x) the number of such shares multiplied by (y) 115% of the Market Price on the date the Holder acquires the right to require the Company to repurchase the shares or the date upon which the Holder received the shares.
Sample 1Sample 2

Examples of Mandatory Repurchase Price in a sentence

  • If the Company fails to timely make such election, or elects clause (A) but then fails to obtain such shareholder approval within 60 days following the Trigger Date, then the Company shall purchase the Shortfall at the Mandatory Repurchase Price within three (3) Trading Days following any such failure.

  • In addition, at any time following the expiration of the Suspension Grace Period if the Blackout continues for more than five (5) additional consecutive days, a Holder shall have the right to sell to the Company its Preferred Shares and/or Warrants in whole or in part for the Mandatory Repurchase Price on the terms set forth in Section 2(b)(i)(B) above.

  • In addition to the foregoing, following the 30th day that such listing is not in effect, each Holder shall have the right to sell to the Company any or all of its Preferred Shares at the Mandatory Repurchase Price.

  • If VWFS PL fails to comply with the Purchaser's demand within 60 days, VWFS PL shall be obliged to pay to the Purchaser a sum equal to the Mandatory Repurchase Price, following which the Purchaser will be obliged to transfer the relevant Purchased Lease Receivable to VWFS PL.

  • TDD increases the confidence of a developer in the behavior of the system, and ensuring that his code is working as intended and his ability to make changes in code without injecting new bugs increases.

  • If such shareholder approval is not obtained within 60 days of the Trigger Date, then each holder of Preferred Shares shall have the right to sell to the Company such number of Preferred Shares, Warrants and Options which cannot be converted or exercised due to such Maximum Common Stock Issuance limitation at a redemption price equal to the "Mandatory Repurchase Price" (as defined in the Registration Rights Agreement).

  • If the Escrow Funds (together with all interest, income and earnings thereon) exceed the Mandatory Repurchase Price (the “Excess Amount”), the Company shall promptly give the Escrow Agent written instructions instructing the Escrow Agent to wire the Mandatory Repurchase Price to the Holders and to wire such Excess Amount to the Company and the Escrow Agent shall promptly comply with such instructions.

  • The Mandatory Repurchase Price for any share of Convertible Preferred Stock to be repurchased in a Mandatory Repurchase is an amount in cash equal to the Accreted Liquidation Preference of such share at the Close of Business on the Mandatory Repurchase Date (including any accumulated and unpaid Accretion Amount on such share as of such date).

  • If the Mandatory Repurchase Price (as defined in the Indenture) exceeds the Escrow Funds (together with all interest, income and earnings thereon), the Company shall promptly give the Escrow Agent written instructions instructing the Escrow Agent to wire the Escrow Funds (together with all interest, income and earnings thereon) to the Holders and the Escrow Agent shall promptly comply with such instructions.

  • In any case in which a Holder of Preferred Shares has the right to cause the purchase of its Preferred Shares under this Section 2(b) (or would have such right but for the conversion of Preferred Shares), it shall have the right to cause the purchase of the Registrable Securities that it owns as follows: such shares shall be purchased at a price ("Common Purchase Price") equal to the Mandatory Repurchase Price of the Preferred Shares which were converted into Common Shares.


More Definitions of Mandatory Repurchase Price

Mandatory Repurchase Price means the cash consideration payable by the Company to repurchase any Convertible Preferred Stock upon a Mandatory Repurchase, calculated pursuant to Section 7(d).
Sample 1Sample 2

Related to Mandatory Repurchase Price

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Fundamental Change Repurchase Price shall have the meaning specified in Section 15.02(a).

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Special Mandatory Redemption Price means 100% of the principal amount of the Notes plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the Special Redemption Date.

  • Redemption Price or Repurchase Price means the amount to be paid to the relevant Holder upon redemption of that Unit, such amount to be determined pursuant to this document.

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such in accordance with Condition 8.7.

  • Repurchase Price means, with respect to any Loan the Book Value, adjusted to reflect changes to Book Value after Bank Closing, plus (i) any advances and interest on such Loan after Bank Closing, minus (ii) the total of amounts received by the Assuming Bank for such Loan, regardless of how applied, after Bank Closing, plus (iii) advances made by Assuming Bank, plus (iv) total disbursements of principal made by Receiver that are not included in the Book Value.

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Mandatory Redemption means a redemption of ETP Securities in accordance with Condition 8.7.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • Fundamental Change Purchase Price has the meaning specified in Section 3.01(a).

  • Redemption Call Purchase Price has the meaning provided in Section 1.4;

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Call and Put Redemption Amount means GBP 1 per Preference Share.

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Combined Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Special Mandatory Redemption Date has the meaning set forth in Section 3.02(b) hereto.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.